Trust Holdings Co., Ltd. agreed to acquire Daiki Sound Co., Ltd. from Red Planet Japan, Inc. (JASDAQ:3350) for ¥180 million on January 31, 2017. Under the terms of the transaction, Trust Holdings Co., Ltd. acquire all the 9 shares of Daiki Sound Co., Ltd. For the year ended December 31, 2016, Daiki Sound Co., Ltd. reported total revenues of ¥1.6 billion, total assets of ¥466.63 million, net loss of ¥56.77 million and net assets of ¥42.63 million. As of January 31, 2017, Board of Red Planet Japan, Inc. resolved the transaction. The transaction is expected to complete on February 1, 2017.